Business Standard

Potato futures up as demand picks-up

Image

Press Trust of India New Delhi

Potato prices rose by Rs 2.40 to Rs 452 per quintal in futures trading today on increased demand in the spot market against less arrivals.

At the Multi Commodity Exchange, August contract for potato rose by Rs 2.40, or 0.53%, to Rs 452, with an business turnover of 71 lots.

The July contract also traded higher by a rupee, or 0.21%, to Rs 486 per quintal, with an open interest of 41 lots.

Market analysts said increased demand in the spot market against less arrivals from producing region mainly pushed up potato futures prices.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 29 2011 | 1:56 PM IST

Explore News